Forgive Student Loans?

#777
#777
NashVol11 said:
Also for them, average loan balance when they were in school was probably $50K or less rather than $200K
Click to expand...

You are so full of ****. These weren’t the people you were concerned about. Doctors and lawyers, lol. You thought there is this mass of college graduates that pay thousands per month in loan repayments.

Just isn’t true. People with that kind of debt earned a degree that can handle it, except in rare cases.
 
#778
#778
allvol123 said:
You are so full of ****. These weren’t the people you were concerned about. Doctors and lawyers, lol. You thought there is this mass of college graduates that pay thousands per month in loan repayments.

Just isn’t true. People with that kind of debt earned a degree that can handle it, except in rare cases.
Click to expand...

I literally said "especially if you went to any graduate school whatsoever" hahaha. That was always who I had in mind. I've lived it, I know undergrad debt pales in comparison
 
#779
#779
NashVol11 said:
I literally said "especially if you went to any graduate school whatsoever" hahaha. That was always who I had in mind. I've lived it, I know undergrad debt pales in comparison
Click to expand...

Your initial comment I responded to made no mention of that whatsoever.

It was concerned with “never a good time to drop thousands” on people in terms of bills.

You weren’t really talking about doctors, but now you have run there to cover yourself.

It is quite common for a doctor to make $200,000 a year. So yes, there is a good time to drop thousands in bills on them. The time would be when the agreement stated to.
 
#780
#780
allvol123 said:
Your initial comment I responded to made no mention of that whatsoever.

It was concerned with “never a good time to drop thousands” on people in terms of bills.

You weren’t really talking about doctors, but now you have run there to cover yourself.

It is quite common for a doctor to make $200,000 a year. So yes, there is a good time to drop thousands in bills on them. The time would be when the agreement stated to.
Click to expand...

We've been over this - it takes doctors 4-7 years to make that money, and a good number of the lawyer jobs that actually help people pay something like 60-80K a year
 
#781
#781
NashVol11 said:
We've been over this - it takes doctors 4-7 years to make that money, and a good number of the lawyer jobs that actually help people pay something like 60-80K a year
Click to expand...

Yes, all those doctors that couldn’t make college loan payments. A tale as old as time itself. Lol.

If you want the “do good for others, pays shtt, law job”, then don’t go into hundred of thousands in debt.

So happy to know you’re here for the doctors and lawyers.
 
  • Like
Reactions: SpaceCoastVol
#782
#782
NashVol11 said:
We've been over this - it takes doctors 4-7 years to make that money, and a good number of the lawyer jobs that actually help people pay something like 60-80K a year
Click to expand...
And if that's a problem it's on the person taking the loan. I believe they should be able to file for bankruptcy on this. But they aren't victims . And if they think their loan should be forgiven then they are dirt bags.
 
  • Like
Reactions: Rickyvol77
#783
#783
allvol123 said:
Yes, all those doctors that couldn’t make college loan payments. A tale as old as time itself. Lol.

If you want the “do good for others, pays shtt, law job”, then don’t go into hundred of thousands in debt.

So happy to know you’re here for the doctors and lawyers.
Click to expand...

Not sure why you're focused on doctors and lawyers as if you're any more forgiving to undergrads paying off loans
 
#785
#785
allvol123 said:
The convo was about the ludicrous “thousands” per “month” statement. You chose to focus on doctors and lawyers after realizing that idea was a farce with respect to undergrads.
Click to expand...

It wasn’t a pivot, lol. I was talking about people I know the entire time, this has been pretty enjoyable though
 
  • Like
Reactions: allvol123
#786
#786
NashVol11 said:
No one (or at least no one with a brain) is paying down loans while they're paused. I'm sure some are saving money for when they come back, but that also depends on the economy and job market to some extent
Click to expand...
Sooooo paying down the principle while interest payments are on hold is indicative of someone without a brain? Well OK then.
 
  • Like
Reactions: Rickyvol77 and hog88
#787
#787
NashVol11 said:
If you were capable of actually clicking and reading, you would see that while that $949 is based on a $113K loan balance, the average med student owes 200K, the average law student owes around 150K and the average dental student owes 292K so yes, thousands. Please do keep tripling down on being wrong
Click to expand...
Average Doctor Salary Stats and Facts 2021 (Editor’s Pick)
  • The minimum salary in medicine is $23,500 vs. the maximum — $397,500.
  • The average annual doctor’s salary is around $224,190.
  • Doctors’ salaries have risen by 4.6% since last year.
  • The average annual cost of attending a medical school in the US is $34,592.
If I were just graduating med school, and I was making that kind of 'average' income, I would pay off $300,000 in med school debt in 3 years maximum.... (more than likely less) I guess BMWs and Teslas are too important to put on the back burner.
 
#788
#788
SpaceCoastVol said:
Sooooo paying down the principle while interest payments are on hold is indicative of someone without a brain? Well OK then.
Click to expand...

Yes. No reason to do that until the pause is ending, it generally is just handing over money no one is asking for in exchange for “peace of mind”. Someone out there is going to have an unforeseen medical emergency or something that they can’t pay for because they’ve been putting thousands toward student loans when payments are paused anyway.
 
#791
#791
NashVol11 said:
Interest isn’t accruing during the pause either
Click to expand...

No it isn't but if you just made your normal payments during the pause all of your payments for 2 years would have gone towards principle, saving you money in the long run.
 
#792
#792
hog88 said:
No it isn't but if you just made your normal payments during the pause all of your payments for 2 years would have gone towards principle, saving you money in the long run.
Click to expand...

Sure but you can just keep that money and pay it in a lump sum at the end of the pause, which leaves you no worse off and leaves you with extra money/flexibility during the 2 years in case something unexpected happens (or in case you want to invest it, time value of money and all that)
 
#793
#793
NashVol11 said:
Lol at the old guy arguing with me about student loans when damn near everyone I know is paying them off. Using law school as an example, the top legal jobs hire almost exclusively from the top 15-20 schools which generally all cost 70-90K per year. There's some merit-based aid in addition to loans, but six-figure debt is not an uncommon thing for a chance at a job that starts around 225K and goes up from there
Click to expand...
Sounds like you know a lot of idiots.
 
#794
#794
NashVol11 said:
Yes. No reason to do that until the pause is ending, it generally is just handing over money no one is asking for in exchange for “peace of mind”. Someone out there is going to have an unforeseen medical emergency or something that they can’t pay for because they’ve been putting thousands toward student loans when payments are paused anyway.
Click to expand...
Wow. You are a financial savant.
 
  • Like
Reactions: Rickyvol77
#796
#796
NashVol11 said:
Sure but you can just keep that money and pay it in a lump sum at the end of the pause,
Click to expand...
I would wager that 95% of people that are carrying consumer debt have zero discipline to do what you just proposed. Yes, that would be a good way to attack the problem, but you are naive if you think the majority of people would do that.
 
  • Like
Reactions: NashVol11
#797
#797
NashVol11 said:
Never claimed to be, but if this is all you have I must be on the right track
Click to expand...
Good thing you didn't claim to be, because your examples here showed that you are completely clueless. Perhaps you should run for congress as you seem adept at kicking the can down the road.

Oh... and I have been COMPLETELY debt free since 2003. No mortgage... nothing.
 
Last edited:
  • Like
Reactions: Rickyvol77
#798
#798
NashVol11 said:
Sure but you can just keep that money and pay it in a lump sum at the end of the pause, which leaves you no worse off and leaves you with extra money/flexibility during the 2 years in case something unexpected happens (or in case you want to invest it, time value of money and all that)
Click to expand...

Lol. That “flexibility” turns into I want this new bike, Xbox, etc.
 
  • Like
Reactions: Rickyvol77, mr.checkerboards, hog88 and 1 other person
#799
#799
NashVol11 said:
Sure but you can just keep that money and pay it in a lump sum at the end of the pause, which leaves you no worse off and leaves you with extra money/flexibility during the 2 years in case something unexpected happens (or in case you want to invest it, time value of money and all that)
Click to expand...
What % of people taking advantage of the pause will actually do that? More likely to be the same people bragging about their tax refund
 
  • Like
Reactions: Rickyvol77, mr.checkerboards, hog88 and 1 other person
#800
#800
SpaceCoastVol said:
I would wager that 95% of people that are carrying consumer debt have zero discipline to do what you just proposed. Yes, that would be a good way to attack the problem, but you are naive if you think the majority of people would do that.
Click to expand...

I agree. That's why I referred to it as dropping bills back onto people, even though they could still be making payments (or at least budgeting for them) most people probably aren't
 
New posts
You must log in or register to reply here.

VN Store



Back
Top